Microsoft (MSFT) ... Sell the Bounce

22 Jul

On July 5th, MSFT completed a Wolfe Wave pattern and fell ~8% within a week to reach our Target 1, an obvious support area.

One should expect a bounce and a 50% retracement to around the $450 area.

This may, subject to broader market conditions, setup another selling opportunity to reach our targets.

Not investment advice... do your own due diligence

Note this is a 1H timeframe !


S

23 Jul

Catatan

Update... near $450 target (top of sell zone) ... need momentum to roll over

24 Jul

Catatan

Back to Target 1. A pause here should be instructive.

26 Jul

Catatan

Update… quite oversold here.. working remotely so can’t follow tone of market..I’d cover 1/2 of position looking to reestablish full one on a good bounce.

30 Jul

Catatan

going into earning....

31 Jul

Catatan

Hit our target 3 area in after hours trading...

Probably back to the $430-$434 area. No position

Will evaluate then.

Hit our target 3 area in after hour trading...

Probably back to the 430-434 area. no position